Nomura Asset Management Co. Ltd. Sells 13,331 Shares of Mastercard Inc (NYSE:MA)

Nomura Asset Management Co. Ltd. cut its position in shares of Mastercard Inc (NYSE:MA) by 1.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 932,229 shares of the credit services provider’s stock after selling 13,331 shares during the period. Mastercard accounts for 2.4% of Nomura Asset Management Co. Ltd.’s portfolio, making the stock its 4th largest holding. Nomura Asset Management Co. Ltd.’s holdings in Mastercard were worth $246,603,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Qtron Investments LLC increased its stake in shares of Mastercard by 132.9% during the 2nd quarter. Qtron Investments LLC now owns 5,763 shares of the credit services provider’s stock worth $1,524,000 after purchasing an additional 3,289 shares during the last quarter. RMB Capital Management LLC grew its stake in Mastercard by 106.5% in the 2nd quarter. RMB Capital Management LLC now owns 7,645 shares of the credit services provider’s stock valued at $2,022,000 after buying an additional 125,565 shares during the last quarter. Greenwich Wealth Management LLC grew its stake in Mastercard by 6.3% in the 2nd quarter. Greenwich Wealth Management LLC now owns 1,043 shares of the credit services provider’s stock valued at $276,000 after buying an additional 62 shares during the last quarter. Virtus ETF Advisers LLC grew its stake in Mastercard by 23.0% in the 2nd quarter. Virtus ETF Advisers LLC now owns 203 shares of the credit services provider’s stock valued at $54,000 after buying an additional 38 shares during the last quarter. Finally, Sontag Advisory LLC acquired a new position in Mastercard in the 2nd quarter valued at about $909,000. Institutional investors own 74.68% of the company’s stock.

In other news, insider Michael Miebach sold 2,770 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $285.00, for a total transaction of $789,450.00. Following the completion of the sale, the insider now owns 12,778 shares of the company’s stock, valued at approximately $3,641,730. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Ann Cairns sold 51,850 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $259.80, for a total transaction of $13,470,630.00. Following the sale, the insider now directly owns 134,120 shares of the company’s stock, valued at approximately $34,844,376. The disclosure for this sale can be found here. Insiders sold a total of 200,307 shares of company stock valued at $54,217,743 in the last three months. Insiders own 3.70% of the company’s stock.

NYSE MA traded down $0.14 during trading on Friday, reaching $276.26. The company’s stock had a trading volume of 314,033 shares, compared to its average volume of 3,071,063. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 1.55. The firm has a market capitalization of $276.29 billion, a price-to-earnings ratio of 42.58, a price-to-earnings-growth ratio of 2.15 and a beta of 1.08. Mastercard Inc has a 12 month low of $171.89 and a 12 month high of $293.69. The firm has a 50 day moving average price of $276.96 and a 200 day moving average price of $255.88.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $1.89 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.82 by $0.07. The firm had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.08 billion. Mastercard had a net margin of 42.71% and a return on equity of 135.02%. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.66 EPS. On average, equities analysts forecast that Mastercard Inc will post 7.61 EPS for the current fiscal year.

A number of brokerages recently commented on MA. Deutsche Bank upped their price target on shares of Mastercard from $267.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. SunTrust Banks reiterated a “buy” rating and issued a $325.00 price target (up previously from $310.00) on shares of Mastercard in a research note on Friday. Wedbush upped their price target on shares of Mastercard from $261.00 to $287.00 and gave the company an “outperform” rating in a research note on Thursday, June 13th. Tigress Financial reiterated a “buy” rating on shares of Mastercard in a research note on Thursday, August 22nd. Finally, Credit Suisse Group set a $292.00 price target on shares of Mastercard and gave the company a “buy” rating in a research note on Tuesday. Two analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. Mastercard currently has an average rating of “Buy” and a consensus target price of $296.95.

Mastercard Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

Featured Story: What does the Dow Jones Industrial Average (DJIA) measure?

Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Inc (NYSE:MA).

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.